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Why Canopy Growth’s Losses Widened in the Second Quarter

Why Canopy Growth’s Losses Widened in the Second Quarter

During the second quarter, Canopy Growth’s (WEED) (CGC) operating losses widened from ~$1 million to almost $214 million. The company reported a net loss of $330 million, which widened from losses of $1.6 million a year ago in 2017.